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The percentage limitation on deductible contributions to a defined-contribution plan account is: A: 35% of...

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Accounting

The percentage limitation on deductible contributions to a defined-contribution plan account is:

A: 35% of compensation or self-employment income.

B: 25% of employee compensation or 20% of self-employment income.

C: 20% of employee compensation or self-employment income.

D: 25% of employee compensation or 15% of self-employment income.

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